'As sobering as this outcome has been, its not a terrible time to be a acquisitive oil and gas player if you have cash.'
This is exactly what WPL are doing to FAR. FAR are selling not acquiring. WPL are using their cash to buy from a distressed seller
That is like saying to someone that is selling their house in a firesale and not looking at buying another house - 'oh well at least it is a good time to buy a house if you have the cash'
FAR appear that they are just going to be an exploration cash box. So they can just repeat the value destruction again by finding another oil deposit??
Meanwhile a few others here still seem to be trying to deflect all the issues with FAR as somehow being WPL's fault.
Dont worry though 'the shareprice will look after itself'.
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